Northwest Healthcare Properties Real Estate Investment Trust Appoints Zachary Vaughan as Chief Executive Officer
Toronto, Ontario--(Newsfile Corp. - June 16, 2025) - Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (the 'REIT' or 'Northwest'), a leading owner and operator of healthcare real estate infrastructure in North America, Brazil, Europe and Australasia, is pleased to announce the appointment of Zachary Vaughan as Chief Executive Officer.
Mr. Vaughan is an accomplished real estate executive with strong international experience and a proven track record in both operational and strategic roles. His career in real estate spans significant roles at Brookfield (including Managing Partner, Head of European Real Estate, Head of Multifamily Investments and CEO of Brookfield REIT), CPP Investment Board, and International Property Corporation/Reichmann International. Over the course of his career, he has consistently demonstrated his ability to shape strategy, drive growth, and deliver substantial financial results.
Mr. Vaughan will relocate full-time to Toronto following a period of transition from his current role as Head of Real Estate of Arrow Global, where he remains a Non-Executive Director.
'I am honoured to join Northwest, a leader in healthcare infrastructure,' said Mr. Vaughan. 'We have a tremendous opportunity with our property portfolio and capabilities to deliver meaningful value to our investors. I look forward to working with the talented team at Northwest to build on the strong foundation that has been established.'
Mr. Vaughan succeeds Craig Mitchell, and the appointment will be effective July 2, 2025, immediately following Mr. Mitchell's planned retirement on July 1, 2025.
Bobby Julien, non-executive Chair of the REIT commented, 'We sincerely thank Craig for his contributions and the solid foundation he has built, and we are thrilled to welcome Zach, whose proven leadership and expertise will guide Northwest into an exciting new chapter.'
About Northwest
Northwest provides investors with access to a portfolio of high-quality international healthcare real estate infrastructure comprised as at May 14, 2025, of interests in a diversified portfolio of 169 income-producing properties and 15.8 million square feet of gross leasable area located throughout major markets in North America, Brazil, Europe and Australasia. The REIT's portfolio of medical outpatient buildings, clinics, and hospitals is characterized by long-term indexed leases and stable occupancies. Northwest leverages its global workforce in eight countries to serve as a long-term real estate partner to leading healthcare operators. For additional information please visit: www.nwhreit.com.
Contacts:
Craig Mitchell, CEO, [email protected],
Stephanie Karamarkovic, CFO, [email protected],
Alyssa Barry, Investor Relations, [email protected], [email protected], (416) 366-2000 Ext. 2202
Forward-Looking Statements:
This press release may contain forward-looking statements with respect to the REIT, its operations, strategy, financial performance and condition. Forward-looking statements in this press release may include statements concerning the timing of the CEO transition and delivering value to investors. Actual results and performance could differ materially from those expressed or implied by such statements.
The forward-looking statements contained in this press release are based on numerous assumptions that may prove incorrect, and that could cause actual results or events to differ materially from the forward-looking statements. Such forward-looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations, including that the transactions contemplated herein are completed. Important factors that could cause actual results to differ materially from expectations include, among other things, the factors described under 'Risks and Uncertainties' in the REIT's Annual Information Form, which is available on SEDAR+ at www.sedarplus.ca.
Unless otherwise stated, all forward-looking statements speak only as of the date of this press release, and, except as expressly required by applicable law, the REIT assumes no obligation to update such statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255524
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
TechCrunch
32 minutes ago
- TechCrunch
Food distributor UNFI says it's recovering from cyberattack as grocery shortages persist
Food distribution giant United Natural Foods (UNFI) said it is making 'significant progress' in recovering from a cyberattack that occurred almost two weeks ago, as grocery stores across North America reliant on the distributor continue to report food shortages. UNFI said in an update on Sunday that it was restoring its electronic ordering systems, which its customers use to place orders for their grocery stores and supermarkets. The company, which provides more than 30,000 stores across the United States and Canada with fresh produce and other products, was hit by a cyberattack on June 5, which the company disclosed several days later. UNFI has not yet described the nature of the cyberattack, though it told investors last week that it had shut down its entire network to contain the incident. The ongoing outage is preventing the company from fulfilling and distributing customer orders at scale. One of the largest grocers affected is Whole Foods, which relies on UNFI as its 'primary distributor.' Several Whole Foods stores, including one visited by TechCrunch last week and others in the New York area, are experiencing shelf shortages amid the UNFI outages. One employee at a Whole Foods in California told TechCrunch described supply issues at their store, saying they had not seen some products for days. Whole Foods previously told TechCrunch that it was working to restore its shelves 'as quickly as possible,' but did not say when shipments would return to normal. People working at local grocery stores and big-chain supermarkets alike have told TechCrunch that they continue to experience disruption of varying degrees. Some said that other distributors are providing some supplies, while others are still reporting issues with ordering products from UNFI. UNFI has not yet provided a timeline for recovery. Do you know more about the cyberattack at UNFI? Are you a corporate customer affected by the disruption? You can securely contact this reporter via encrypted message at zackwhittaker.1337 on Signal
Bloomberg
an hour ago
- Bloomberg
EU's Sefcovic to Meet US's Greer at G-7 to Talk Trade, Tariffs
European Union trade chief Maros Sefcovic is expected to meet with US Trade Representative Jamieson Greer on the sidelines of the Group of Seven meeting in Alberta, Canada, according to a person familiar with the plan. The officials will discuss the current state of the trade negotiations, which are aiming to avoid a massive jump in tariffs before a July 9 deadline imposed by US President Donald Trump. The two-day G-7 summit kicks off Monday.
Bloomberg
an hour ago
- Bloomberg
Updates From G-7 Summit
Some of the leaders had been hoping to use the meeting in Canada to convince Trump to agree to lower the price cap on Russian oil to $45 from $60 in a bid to reduce Moscow's war revenue. But with the US opposed to the move and the price of crude surging, the chances of that happening are now slim, as several nations have lost appetite to confront the US president on the issue. Still, European leaders are hoping that Trump will finally agree to step up pressure on Moscow through a fresh set of sanctions. The White House has so far been hesitant to sanction Russia.
